, 5 tweets, 2 min read Read on Twitter
Not to defend the Ontario government's cut to public health, but the City of Toronto could make up the lost funding by increasing property taxes by less than 3%. The city would still have the lowest property taxes in the GTA.
According to KPMG, a parking tax in Toronto would generate between $171-$535 million per year. The public health cuts the province is implementing are estimated at $100 million per year. toronto.ca/legdocs/mmis/2…
Increased revenue and improved quality of life for residents.
Or, hey, forget taxes. Toronto's parking authority brings in $166 million in revenue per year, while setting parking rates at 75% of market. If they simply charged market rates, that would generate an extra $55 million. This is low hanging fruit.
My point: if the city wants the province to stop treating it like a little boy in short pants (Mayor Tory's words), it should stop acting like a little boy in short pants.
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